Websites For Traders  |  DEC 2006

Websites For Traders: News Traders Can Use by David Penn

Stocks & Commodities V. 24:12 (74-75): Websites For Traders: News Traders Can Use by David Penn www.tradersaudio.com www.needtoknownews.com A subscriber recently emailed me about trading groups. He had been trading for only a short time, with the goal of one day being a full-time trader. He explained that what he felt he needed at this point in his education was, for lack of a better term, the personal touch. He was looking for trading groups, get-togethers where dedicated, committed traders talked shop: winning trades, losing trades, setups that were working, setups that weren’t, sector rotation, market sentiment… I’ve gotten other email like this from other traders looking for, if not others to trade with, then at least somebody they could talk to. After all, traders can only bore their spouses or partners for so long, and while pets are always ready to listen, they are even less responsive to the rantings of the average trader than the aforementioned spouses. Unfortunately, the collapse of the stock market in 2000–01 brought down more than a fortune in ill-conceived equities. It also brought down a number of investment clubs and traders groups that sprouted like mushrooms from the fertile market soil of the late 1990s. As such, there aren’t nearly as many places for aspiring traders to find each other.

by David Penn